Ponzi World (Over 3 Billion NOT Served)

The globalized economy is a colossal Ponzi Scheme in which the vast majority survive on the bread crumbs falling off the table. The possibility of 7 billion people achieving a consumption-oriented lifestyle is zero, so the World Bank conveniently set the poverty line at $1.25/day to legalize global slavery. As long as someone else's children are doing the suffering, it's "all good". Post-2008, this illusion was extended merely by plundering all future generations.

Wednesday, November 26, 2014

China Syndrome

China is the only major economy having had ZERO recessions in the past 20 years.
In 2008, China's growth rate slowed to a "mere" 6%, and it's currently ~7%. Central Planning = No recessions for decades.

Now, 47% of Wealthy Chinese want to Leave China

I think we all see where I'm going with this -
The great engine of Globalization is heading for a long delayed hard landing. And with a minimum wage still at 80 cents per hour, I'll go further out on a limb and say that Jeffrey Sachs' "End of Poverty" fantasy is a colossal fucking failure.